answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krek1111 [17]
2 years ago
3

Ben Spender writes a $50 check which is returned by his bank with additional charges. The company he wrote the check to, Art Sup

ply Inc., also charges $20 for returned checks, which of the following represents the amount Ben must have to balance his debts.
Business
2 answers:
Alexxx [7]2 years ago
6 0
More than 70 because i just got done doing this and making sure that was the correct one


Ipatiy [6.2K]2 years ago
4 0

Answer:

More than $ 70

Explanation:

Given,

The amount of check which is returned by the bank = $ 50,

So, his balance would be -$ 50,

Also, the company he wrote the check to also charges $20 for returned checks,

So, his balance after charged by the company = -(50 + 20) = -$ 70,

Again there is additional charges imposed by the bank,

Thus, he needs more than $ 70 to balance his debts.

You might be interested in
Mark has $100,000 to invest. His financial consultant advises him to diversify his investment in three types of bonds: short-ter
Airida [17]

Answer:

Mark should invest:

  • $30,000 in short term bonds
  • $30,000 in intermediate term bonds
  • $40,000 in long term bonds

Explanation:

S = short term bonds

I = intermediate term bonds

L = long term bonds

S + I + L = 100,000

0.04S + 0.06I + 0.07L = 0.058 x 100,000 = 5,800

S = I

2S + L = 100,000

L = 100,000 - 2S (now we replace both I and L)

0.04S + 0.06s + 0.07(100,000 - 2S) = 5,800

0.1S + 7,000 - 0.14S = 5,800

7,000 - 5,800 = 0.14S - 0.1S

1,200 = 0.04S

S = 1,200 / 0.04 = 30,000

I = 30,000

L = 100,000 - 60,000 = 40,000

5 0
2 years ago
A company has a "bring your own device" (BYOD) policy for computers; anyone can just go out and buy whatever computer they want.
brilliants [131]

Answer:

<em>I can see there are no choices.</em>

Purchase or Lease Stage

Explanation:

The "Hardware Lifecycle" has several stages or phases. These are:<em> Plan, Purchase or Lease, Deploy & Install, Maintenance, Upgrade, Parts & Repair, Extend, Buyback or Trade In and Dispose or Recyle.</em>

The situation above is part of the<em> "Purchase or Lease Stage."</em> This stage <u>allows the person to buy the computer that they wanted.</u> When it comes to the IT hardware, the person can either "Buy" or "Lease." One may choose the second option if he is not yet ready to buy.

So, this explains the answer.

5 0
2 years ago
Western Energy makes quarterly deposits into an account reserved for purchasing new equipment two years from now. The interest p
Iteru [2.4K]

Answer:

a. 2 years

b. 1 year

c. 12 times

Explanation:

Interest period is the duration of the deposit. It is the length of time the money would remain in deposit. This is 2 years according to the question

Compounding period = number of times interest would be paid. In the question, this is a year. So interest would be paid every year

The compounding frequency - it is the number of times the deposit would be compounded. It is 12 months

The future value of the deposit can be determined using this formula :  

FV = P (1 + r/m)^nm

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding  

8 0
2 years ago
Marion Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock
statuscvo [17]

Answer:

$40,000

Explanation:

Holders of preferred stocks are given preference in terms of dividend distribution. However, the amount of dividend that they will share in the $65,000 dividends declared by the board of directors is only limited to 5% of the total par value (5,000 shares x $100 = $500,000) of preferred stocks, which in this case is only $25,000 ($500,000 x 5%). After deducting the dividends for preferred stocks, the remaining dividends of $40,000 ($65,000 - $25,000) will be distributed to holders of common stocks.

8 0
2 years ago
Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed
Hunter-Best [27]

Answer:

correct answer is option B

I.E $150,000

Explanation:

GIVEN DETAILS:

Variable cost $99,000

Fixed cost $30,000

Operating income $36,000

Total sales for 22,000 units = Variable cost + Fixed cost + Operating income

total cost  = $99,000 + $30,000 + $36,000 = $165,000

Selling price of per unit = $165,000 / 22,000 = $7.5

Budgeted amount for  20,000 units = $7.5 x 20,000 = $150,000

so correct answer is option B

4 0
2 years ago
Other questions:
  • Which of the following characteristics best describes repetitive focus? Its output is a standardized product produced from modul
    13·1 answer
  • Jones borrowed $960 from the bank, issuing a 12.5%, 4-month promissory note. Assuming that the note is issued and paid in the sa
    12·1 answer
  • Fred Arden is tried in a criminal court and found innocent of the charge of theft. Shawn Finister, the victim of the alleged cri
    10·1 answer
  • Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturin
    15·2 answers
  • Alfred, a software programmer at Gamma Inc., develops a program that spreads Trojan viruses to the organization’s network. When
    6·1 answer
  • The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of Medicare tax withheld on total s
    8·1 answer
  • Given the following information for Albright Company, what was the factory overhead cost variance?
    12·1 answer
  • When an appraiser assumes that no one is being forced to sell at a reduced price because of an impending divorce or similar situ
    10·1 answer
  • Raktida is the manager a popular Italian Restaurant on Mott Street. She wants to predict her guest counts for the first week of
    10·1 answer
  • Assume the November transactions for Camindo Co. are as follows:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!